Welcome to this week’s 3 in 3 at 3, where we get you the three key things you need to know for your business in three minutes or less at three o’clock on a Monday. Thing One: Buying a New Vehicle to Save Tax This is a conversation we have
Welcome to this week’s 3 in 3 at 3, where we get you the three key things that you need to know for your small business in three minutes or less at three o’clock on a Monday. Thing One: Write off Bad Debts Thing one this week is bad debts.
Progress beats perfection every day of the week. This is evident every day of the week with business planning. The number one thing that holds a lot of people back from making progress on their business plans is fine-tuning until they have the plan perfect. Overthinking leads to under-executing. Business
Business recovery is increasingly top of mind. As you well know, the COVID-19 pandemic is not just a public health issue, it’s also caused lockdowns and resulting financial worries on a global scale. Small businesses are not strangers to the impacts of the pandemic. In a survey by the International
The Government’s Business Finance Guarantee Scheme has been an epic failure. Today, some welcome changes to the scheme have been announced by Finance Minister Grant Robertson. The scheme has been too restrictive and there was far too much red tape for struggling businesses to jump through. The Government budgeted more
As small business owners plan for how they will operate after COVID-19, there are some important business questions to be asked about the coming business recovery. These questions will help you determine what adaptations you want to keep, whether your business model is working, and if there are additional changes
For many small businesses, the best way to increase profitability is to increase turnover, as there’s no limit to sales but there is a limit to how much you can reduce your costs. Let’s look at how you can focus on each of the five ways in our profit increase
At a time like this, money is tight for pretty much every business. Cutting costs can be a quick and easy way to improve the profitability of your business. Introducing well thought out cost saving tactics can bring immediate savings and ensure you remain profitable in the short term. But
Your “war chest” is the financial reserve your business has built up so you can take advantage of an opportunity or cover unexpected costs or emergencies. Building a cash reserve when finances are tight, however, can be difficult. You need money to continue running your business but, if at all
New Zealand’s Budget 2020 was promised to be the “jobs budget” by the Prime Minister just prior to its announcement. Unfortunately, it is difficult to see how this budget saves or creates many jobs in the short to medium term. Of course, it must be noted that there is $20Billion+
